Documents to check before buying a house

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Documents to check before buying a house

Dec 17, 2012, 06.12 AM IST

Sakina Babwani, TNN

Buying your own home may be a cherished dream, but it doesn't take much for it to turn into a nightmare. Given that real estate is among our most expensive purchases, landing a lemon can prove to be a financial disaster.

The only way to avoid such a situation is to take time out to conduct due diligence before finalising any property deal. Of course, a reliable shortcut is to buy into a project that is backed by financial intermediaries like banks.

You can also engage a lawyer to carry out due diligence, but as a smart buyer, it's best to pore through the documents yourself.

Here is a checklist of documents that you should peruse before signing on the dotted line.